Kestra Private Wealth Services LLC Sells 699 Shares of First Trust Long/Short Equity ETF (NYSEARCA:FTLS)

Kestra Private Wealth Services LLC lessened its holdings in First Trust Long/Short Equity ETF (NYSEARCA:FTLS) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,154 shares of the company’s stock after selling 699 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in First Trust Long/Short Equity ETF were worth $1,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. purchased a new stake in First Trust Long/Short Equity ETF during the 3rd quarter valued at about $35,000. NBC Securities Inc. lifted its position in First Trust Long/Short Equity ETF by 184.2% in the 3rd quarter. NBC Securities Inc. now owns 807 shares of the company’s stock valued at $51,000 after acquiring an additional 523 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Long/Short Equity ETF in the 3rd quarter worth $75,000. GAMMA Investing LLC raised its stake in shares of First Trust Long/Short Equity ETF by 26.2% in the fourth quarter. GAMMA Investing LLC now owns 1,700 shares of the company’s stock worth $112,000 after purchasing an additional 353 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its stake in shares of First Trust Long/Short Equity ETF by 4.2% in the fourth quarter. DAVENPORT & Co LLC now owns 4,778 shares of the company’s stock worth $314,000 after purchasing an additional 191 shares during the last quarter.

First Trust Long/Short Equity ETF Price Performance

First Trust Long/Short Equity ETF stock opened at $67.43 on Thursday. First Trust Long/Short Equity ETF has a one year low of $58.35 and a one year high of $69.94. The business’s fifty day moving average is $66.98 and its 200 day moving average is $64.89. The stock has a market capitalization of $1.34 billion, a PE ratio of 19.46 and a beta of 0.62.

First Trust Long/Short Equity ETF Company Profile

The First Trust Long\u002FShort Equity ETF (FTLS) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund takes both long and short position in US-listed equity with US and foreign exposure. The actively managed funds will typically be 90-100% long and 0-50% short. FTLS was launched on Sep 9, 2014 and is managed by First Trust.